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Malaysia proposes $28.4 mil fine on Grab for abusive practices

Reuters
Reuters10/3/2019 04:39 PM GMT+08  • 2 min read
Malaysia proposes $28.4 mil fine on Grab for abusive practices
(Oct 3): Malaysia's competition regulator on Thursday proposed a fine of over RM86 million ($28.4 million) on ride-hailing firm Grab for violating competition law by imposing restrictive clauses on its drivers.
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(Oct 3): Malaysia's competition regulator on Thursday proposed a fine of over RM86 million ($28.4 million) on ride-hailing firm Grab for violating competition law by imposing restrictive clauses on its drivers.

The Malaysia Competition Commission (MyCC) ruled that Singapore-based Grab, which has backing from Japan's SoftBank Group Corp, had abused its dominant position in the market by preventing its drivers from promoting and providing advertising services for its competitors.

"MyCC further notes that the restrictive clauses had the effect of distorting competition in the relevant market that is premised on multi-sided platforms by creating barriers to entry and expansion for Grab's existing and future competitors," MyCC chairman Iskandar Ismail told a news conference.

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